Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 7, 2012
S&P 500 Analysis after closing bell
First chart shows price violating the resistance line of the falling wedge. Bulls need follow up buying.
Price is moving into 20 Day SMA which has to be crossed on closing basis to extend this up move. 1334 the recent swing high too will act as resistance.
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